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Alta Advisers Invests in Walmart Amid Analyst Expectations of Upside

Guavy AI Editorial Team
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WMT
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Alta Advisers Ltd made a new investment in Walmart Inc. (NASDAQ:WMT) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission.

The institutional investor purchased 17,213 shares of the retailer's stock, valued at approximately $1,950,000.

Walmart accounts for 0.4% of Alta Advisers Ltd's holdings, making it its 26th largest position among all stocks held by the company.

The investment is part of a larger trend in which several institutional investors and hedge funds have recently modified their holdings of WMT.

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